4507 MADRID DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $308,112 and $491,554, with a best estimate of $358,470. That places the property below the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$358,470
$351,604
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G760500D - Georgetown Village - Shell Ranch R3, this home's estimated market value is between $308,112 and $491,554. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$17,739 for 82 sqft less living space and +$397 for being newer. Net adjustment: -$17,342.
Adjusted -$63,385 for 293 sqft less living space and +$397 for being newer. Net adjustment: -$62,988.
Adjusted +$5,625 for 26 sqft more living space and +$397 for being newer. Net adjustment: +$6,022.
Adjusted +$39,372 for 182 sqft more living space and +$397 for being newer. Net adjustment: +$39,769.
Adjusted -$63,385 for 293 sqft less living space and +$397 for being newer. Net adjustment: -$62,988.
The Neighborhood
This home is valued 10.0% below the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.7% over the past year.
G760500D - Georgetown Village - Shell Ranch R3
typicalThis home is -10.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,812 across all districts. With a homestead exemption claimed, that drops to $5,214 — saving $1,598 per year. That's $435 per month a buyer should budget. The assessed value increased roughly in line with the neighborhood, so a tax protest is unlikely to yield significant savings.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $3,694 |
| Williamson County | County | 0.3694% | $1,299 |
| Georgetown | City | 0.3530% | $1,241 |
| Georgetown Village PID | pid | 0.1200% | $422 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9374% | $6,812 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $358,470 would pay approximately $2,238 per month (principal and interest only, excluding taxes and insurance).